Why is L&T Finance Ltd falling/rising?

As of 16-Jul, L&T Finance Ltd's stock price is currently at 202.85, reflecting a decline of 2.15, or 1.05%. The stock has underperformed its sector today, with a performance lag of 0.82%. It has been experiencing a consecutive fall over the last two days, resulting in a total decline of 1.31%. Despite this recent downturn, the stock has shown strong performance over the past month with a return of 5.87%, and it remains close to its 52-week high, just 4.88% away from 212.75. The stock's higher trading volumes indicate rising investor participation, with a notable increase of 68.71% in delivery volume compared to the 5-day average. Additionally, the company has demonstrated consistent returns over the past three years, outperforming the BSE500 index.
In the broader market context, L&T Finance Ltd's short-term performance has been less favorable compared to the benchmark Sensex, which has declined by only 1.08% over the past week. However, the stock has significantly outperformed the Sensex over longer periods, with a year-to-date return of 49.59% compared to the benchmark's 5.75%. The company's strong fundamentals, indicated by a return on equity of 10.3% and a PEG ratio of 1.4, suggest that it is fairly valued despite trading at a premium compared to its peers. High institutional holdings at 20.3% further support the stock's stability, as these investors typically have better resources to analyze company fundamentals.